| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $67M | $57M | 4.1% | 22.1% |
| Op. Income | -$933.0K | -$2M | $6M | 46.2% | -114.9% |
| Gross Margin | 25.4% | 90.9% | 22.3% | -65.5pp | 3.1pp |
| Net Margin | -14.0% | 40.1% | -21.2% | -54.0pp | 7.3pp |
| EPS (Diluted) | $-0.86 | $2.16 | $-1.91 | -139.8% | 55.0% |
| Free Cash Flow | -$2M | -$10M | -$2M | 83.2% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $10M |
| Operating Expenses | $19M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$933.0K |
| Interest Income | $387.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $59.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $10M |
| EBIT | -$793.0K |
| EBITDA | $9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$977.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $588M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $612M |
| TOTAL ASSETS | $652M |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $599.0K |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $582M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.0K |
| TOTAL NON-CURRENT LIABILITIES | $582M |
| TOTAL LIABILITIES | $635M |
| Common Stock | $142.0K |
| Additional Paid-In Capital | $367M |
| Retained Earnings | -$401M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $652M |
| Total Debt | $584M |
| Net Debt | $574M |
